Danon takes senior job with JP Morgan
Capgemini unpleasantness was so last month
Pierre Danon - the former head of BT Retail and until recently COO of Capgemini - has got a new job.
He's been named as a "senior advisor" with investment bankers JP Morgan offering advice to companies in the telecoms, media and tech sectors.
In particular, his views of the industry will be sought as the sector goes through a period of consolidation and as M&A (mergers and acquisitions) activity is on the increase.
"We are pleased that Pierre will be working with us as a senior advisor," said Walter Gubert, chairman of JP Morgan in Europe, "and believe that his 24 years of experience in the telecommunications, media and technology sectors will benefit clients as they face decisions amid an increasingly active M&A market."
Danon left BT for Capgemini earlier this year. Although the move was spun as a promotion for Danon - who ran BT's massive customer-facing retail division - his departure had been linked with an internal power struggle and dogged by reports of a boardroom rift over the future direction of BT.
His time at Capgemini ended abruptly last month after French newspaper Le Figaro ran a story saying that Danon was in the running for a top job at Accor Group and that he'd already had an interview.
The IT services firm was not happy. Not happy one little bit.
Announcing Danon's departure four weeks ago Capgemini said: "After having agreed with Mr Pierre Danon that Capgemini would not instantly react to this surprising announcement, then having accepted to make no further comment until the end of this week, the Group notes that the necessary conditions to maintain his leadership position in the Group could no longer be met, in spite of the wish expressed by Mr Pierre Danon to continue his work in the Group. As a consequence, it has been decided to bring to an end his functions as of today." ®